The Housing & Development Board (HDB) will make available a state land parcel in Pasir Ris for application under the Reserve List of the Government Land Sales (GLS) Programme from Wednesday.
The site is located at the junction of Pasir Ris Drive 3 and Pasir Ris Drive 4.
The 20,000 square metre, 99-year leasehold site is designated for condominium housing.
HDB said some 380 residential units can be built on the site.
Under the Reserve List System, developers who are interested in purchasing the land can submit their application, indicating the minimum offer price to HDB.
Upon acceptance of their application, HDB will put up the land for sale by tender.
Source : Channel NewsAsia – 27 Apr 2010